Investment Overview

Marcus & Millichap is pleased to present this multifamily opportunity in North Liberty, Indiana. The subject property is comprised of 10 buildings and 20 apartments; all Two-Bedroom/One-Bath. Nine of the units feature laminate countertops, stainless steel appliances, modern bathrooms, and laminate flooring throughout. The remaining eleven units are well kept, yet vintage. All units feature on-site parking spaces, and back yards or porches. The subject property is a fifteen-minute drive to South Bend along Indiana State Road 23, a highway that runs from the center of South Bend through North Liberty, and a twenty-five minute drive, north-west to La Porte. The town of North Liberty boasts attractive suburban Indiana living just 15 minutes southwest of South Bend, Indiana. The area has seen increased rental demand due to the major expansion of the Four Winds Casino just 10 minutes away. The resort will soon feature 317 hotel rooms, an expanded gaming floor, convention center/ballroom, café, spa and outdoor swimming pool. The project will create an estimated 350 construction jobs and an additional 350-400 jobs within the casino. In addition, Beacon Health System, the largest, locally owned and operated non-profit health care system in the region has broken ground on a $232 million tower project. This 300,000 square foot tower is expected to bring 500 new jobs and a community economic impact of $400 million. This is set to be complete in 2025.